Dec. 7 (Bloomberg) -- Ireland has embarked on a "radical
national recovery plan" to sustain economic growth and reduce
the deficit to below 3 percent by 2015, Prime Minister Brian
Cowen wrote in an editorial published in the Wall Street
Journal.

"It is important to emphasize that our 12.5 percent
corporate tax rate will remain," Cowen wrote, adding that the
parliament unanimously approved the rate as "an indispensable
tool for growth, job creation and economic recovery."